Markets regulator, the Securities and Exchange Board of India (SEBI), has issued a show cause notice to Hindenburg Research for alleged “unfair trade practices” in its 2023 report against the Adani Group. Hindenburg has dismissed the allegations as an attempt to “silence and intimidate” those exposing corruption.
In the June 26 notice, SEBI accused Hindenburg of “deliberately sensationalising and distorting certain facts” in its January 2023 report on the Adani group and collaborating with a New York hedge fund for financial gain.
Hindenburg, which published the notice on its website, stated it made just $4.1 million from its positions on Adani stocks and criticised SEBI for not investigating the report’s evidence of the conglomerate’s alleged creation of a vast network of offshore shell entities and the surreptitious movement of billions of dollars.
Bu hikaye Millennium Post Delhi dergisinin July 03, 2024 sayısından alınmıştır.
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Bu hikaye Millennium Post Delhi dergisinin July 03, 2024 sayısından alınmıştır.
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